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"China may increase the interest rates for open market operations following the possible US rate hike, but in a moderate way, a similar move as it took in December and March," said Yang, who also suggested a further cut in the cash that banks set aside as reserves when liquidity risk increases.
"But we do believe that our action will provide a meaningful boost to the economy," said Powell. "More specifically, it will support accommodated financial conditions and avoid a tightening of financial conditions which can weigh on activity and will help boost household and business confidence."
"But the problem is we really don't know how much virus is still around. And if you have large groups of people together and they're close, that increases the chance that you'll get it spreading ... particularly because it's winter," he added.
"By mid-Feb, the first production lines can provide 1.4 million masks per day," said Lin Yanting, deputy general manager. "And daily output can reach 3.5 million pieces by the end of March with expanded production lines."
"But now our challenge is to make correct decisions for future competition, but you never know what your decisions made today may mean three or five years later," he said.